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Up To The Limit?

by Scott Bittle

Thursday, February 4th, 2010

The House voted today to raise the national debt ceiling to $14.3 trillion, but by a pretty close vote on what's usually a routine matter. Opponents said the debt has to be brought under control; supporters pointed out that without an increase in the debt limit, the government would end up defaulting on its debt, throwing the world financial markets into chaos. Again.